Markets, Public Policy & Law

  • QST LA 245: Introduction to Law
    Undergraduate Prerequisites: QST SM131 or sophomore standing
    Provides a broad overview of the American judicial system and fundamental legal issues. Examines dispute resolution, torts, contracts, criminal law, business organizations, employment law, intellectual property, and international law. The goal is to understand not only the basic rules of law but also the underlying social policies and ethical dilemmas.
  • QST LA 346: Business, Justice, and Responsibility
    Undergraduate Prerequisites: QST LA245
    This course explores the legal and ethical challenges a leader will face in a highly regulated, complex, global business. We will explore societal issues such as lying, bias, fraud, corruption, stereotyping, religious freedom, discrimination, and whistleblowing, and consider the responsibility of a business and its leaders to address these challenges, and to create a more just society. Students will also consider the competing roles of business, the legislature, and the courts in addressing societal issues. By reading Supreme Court opinions and business cases, participating in oral arguments, engaging in efforts to make social change, and studying current events, students will deepen skills in analyzing ethical dilemmas and thinking critically. This course will teach students to view decisions through multiple frames, develop empathy, and train them to engage in a meaningful, substantive dialogue -- written and spoken -- about sensitive topics in a professional setting.
  • QST LA 355: Employment Law and Public Policy
    Undergraduate Prerequisites: QST LA245
    An in-depth look at the legal issues involved in the employer/employee relationship. Such topics include: discrimination, affirmative action, harassment, the hiring process, employee testing, and terminating employees (for cause, layoffs). Discussions will focus on the duties and rights of both parties through the stages of employment, from hiring and managing your workforce, to benefits, conditions of employment, and downsizing.
  • QST LA 360: Real Estate Law
    Undergraduate Prerequisites: QST LA245
    Real estate can generate spectacular wealth and contribute to unprecedented financial losses. Real estate is an essential component of every business that requires a physical location to operate. Real estate is where we sleep, where we attend school, where we work, where we play, where we go when we are sick -it quite literally is beneath everything we do. Every real estate transaction begins and ends with legal principles. Mastering the basics of property law puts one in a superior position. Knowledge of real estate law is imperative for those who plan to invest in or manage property on a larger scale. This course provides an overview of real estate law for tenants, present and future property owners, developers, investors, and public policy advocates. We examine the nature of real property and property ownership, residential and commercial real estate transactions, and selected issues of real estate development.
  • QST LA 365: Securities Regulation
    Undergraduate Prerequisites: QST LA245 and FE323
    The securities industry is highly regulated by a complex set of federal laws designed to "protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation." (www.sec.gov/about/whatwedo.shtml) Federal law governs the issuance of securities ("going public"), regulates companies whose shares are being traded (known as "issuers"), and makes rules for everyone working in the securities industry, including bankers, brokers, dealers, and investment advisors. Those issuers and financial institutions (and their employees or directors) who violate the myriad of federal laws regulating securities face civil litigation from shareholders, enforcement actions by the Securities and Exchange Commission, and criminal charges from the Department of Justice. This course will focus upon the key federal statutes that regulate securities and participants in the securities markets: the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley, the Dodd-Frank Act of 2010, the Foreign Corrupt Practices Act, and several criminal statutes that are utilized for violations of securities regulation. We will read statutes and case law, and use examples and guest speakers to understand the application of the law in real life. The class is intended for students interested in careers in finance or leadership in a public company. The goal is not to create securities lawyers, but to give students an awareness of the regulation and the legal risks involved in the securities market.
  • QST LA 430: Entertainment Law
    Undergraduate Prerequisites: QST LA245
    (Offered in Los Angeles) Covers the basics of entertainment law, including constitutional, contracts, labor, and employment law and intellectual property rights. Students develop a clear understanding of the applicable laws and how these laws have been applied in the past, how they are applied today, and how they might be amended and applied in the future. Students learn applicable legal concepts, practical insights, and an appreciation of how to deal with lawyers and the law in their entertainment business futures. It is intended to provide a good conceptual understanding of the law and demonstrate its relevance through case study, reading, guest speakers, field trips, and intense discussion. The application of the law to the digital now, the digital future and the Internet now crucial, indeed central, to any discussion of entertainment will be included throughout and be the subject of an entire class toward the end of the course. The law to be explored will be constitutional, copyright, trademark, contracts, labor, employment, and remedies and their application to and use within the entertainment business.
  • QST LA 450: Law and Risk Management
    Undergraduate Prerequisites: QST LA245
    Due to the financial crisis of 2008, the industry has re-aligned its business models to a risk-based approach for products and services. In response to this paradigm shift, Advanced Business Law, now known as Law and Risk Management, will focus on the identification, assessment, and management of operational and regulatory risk in the context of the law. Topics covered will continue to include contract risk, commercial financing, the Uniform Commercial Code, agency liability, bankruptcy, products liability, and real estate. The class will emphasize legal issues as a component of effective strategic business planning with a particular emphasis on duties and liabilities for corporate accounting. Group work includes contract drafting, interpretation, and negotiation. This course in part supplements many of the legal issues central to the accounting concentration and addresses many of the topics on the Regulation section of the CPA Exam.
  • QST LA 484: Online Privacy and Internet Law
    This course explores online privacy regulation and law, cybersecurity law, and Internet regulation. The goal is not to create Internet regulatory attorneys, but to give students a solid awareness of the Internet privacy regulation and the pitfalls of not being aware of those regulations. Students will also learn how to create crisis strategies for dealing with a major breach. During the course, we will read privacy regulations and privacy orders and study the significant FTC privacy and breach cases. We will have guest speakers that will explain real-life, first-hand experiences with privacy and cybersecurity breaches, how a real crisis was handled, and what could have been done to prevent the breach and improve on the response. By the end of this course, students will understand Internet regulation and its significance for businesses using the Internet.
  • QST LA 498: Law Directed Study
    Directed study in Law. 2 or 4 cr. Application available on Undergraduate Program website.
  • QST PL 350: The Psychology of Decision Making: Implications for Business and Public Policy
    Undergraduate Prerequisites: sophomore standing
    We provide an introduction to how individuals make decisions, applying the tools of psychology and economics. We will learn to identify common mistakes and biases. Students will have the opportunity to evaluate their own decision-making ability and learn how to make improved decisions. We link each aspect of decision-making studied to current personal finance decision, business problem & public policy issue. This course will improve negotiation ability and prepare students to use social science data to support decisions. The course consists of cases, discussions, lectures & project. This course fulfills a single unit in each of the following BU Hub areas: Social Inquiry II, Critical Thinking.
    • Social Inquiry II
    • Critical Thinking
  • QST PL 425: Introduction to the Health Sector: Issues and Opportunities
    Undergraduate Prerequisites: Sophomore standing
    This course provides a dynamic introduction to the health sector, beginning with the burden and distribution of disease and current patterns of expenditures. While the primary emphasis will be on the U.S. healthcare system, a global context will be developed. The basic elements of insurance and payment, service organization and delivery, and life sciences products (drugs, diagnostics, and devices) will be described, and placed in the context of the unique economic structure of the sector. The intense challenges of the sector will be explored, including ethical, social and organizational dilemmas that arise as well as business opportunities that emerge. The roles that government policy, rapid technology growth, and practice development play as drivers of system change will be addressed throughout.
  • QST PL 430: The U.S. Healthcare System in Transition
    Undergraduate Prerequisites: Sophomore standing
    The U.S. health care system has undergone sweeping change as a result of the Patient Protection and Affordable Care Act (ACA) of 2010. Knowledge of how the reform law is affecting health care organizations, health professionals, consumers, and American businesses is essential for everyone, especially those planning careers in management or business. This rigorous seminar, which counts toward the Health & Life Sciences concentration and the Law and Public Policy concentration, provides an in-depth look at the economic, political, social and organizational challenges facing the nation as attempts to repeal-and-replace the ACA are debated by Congress. Students read and analyze articles, business cases, issue briefs, and legal opinions from diverse perspectives to learn how the U.S. health care system came to be and how it will change in the future.
  • QST PL 498: Directed Study in Markets, Public Policy, and Law
    Directed study in Markets and Public Policy. 2 or 4 cr. Application available on Undergraduate Program website
  • QST PL 700: Introduction to Business Law
    This course will survey contemporary issues in selected areas of law and ethics. We will introduce pivotal areas of law, so that students begin to anticipate legal problems, analyze how to avoid them, and realize how legal principles can be employed to add value in their chosen fields. The subjects are torts, contracts, employment law, securities regulation and corporate governance. We expect that this overview of a few disciplines will encourage students to explore other legal topics relevant to their business interests. We will also offer an analytic structure that enables students to identify ethical issues in business, analyze options and make choices consistent with their own values.
  • QST PL 714: Topics in Managerial Economics
    This course will review the economic principles of demand, cost, and competition and show how they provide a foundation for formulating corporate strategy. While much of the course will be devoted to decisions that maximize profits, we will also examine whether profit maximization is the proper (and only) objective underlying the decisions companies make. Other topics include the determinants of demand, demand elasticity, the relationship between production processes and costs, economies of scale, the distinction between planning-stage and realized costs, marginal analysis, interdependent decisions (game theory), and how market structure affects pricing.
  • QST PL 727: Organizations, Markets, and Society
    Understanding and analyzing the core strategic decisions facing businesses in competitive markets. Students will examine how businesses achieve their fundamental goals given the need to produce goods and services efficiently and a market environment reflecting consumer preferences (demand) and the strategies and strengths of competitors. Students will develop analytic skills necessary for understanding core business models and how different models create value for the business as well as the larger society.
  • QST PL 834: Macroeconomics in the Global Environment
    Macroeconomics is the study of the aggregate behavior of global market participants, i.e. consumers, firms, workers, governments, central banks, foreign investors. Decision making by investment bankers, product/sales managers, policy makers, or consumers inevitably rely on an understanding of the main forces driving GDP, inflation, unemployment, interest rates, and exchange rates. Consider these questions: 1. Should new consumer durable products be launched during recessions? 2. Are countries that experience high productivity growth good investment targets? 3. Will interest rates drop if the US government starts buying back its debt? 4. With significant liquidity demands by the US economy from the public sector, the household sector and businesses, what explains the low US interest rates? Are these factors expected to keep interest rates low also in the future? 5. Can the Euro boost productivity in Europe in the medium to long run and what are the competitiveness challenges for US businesses of such changes? 6. What are the economic effects of wars and how should they be financed? These and other issues will come up in the course. The main goal of this course is to provide a coherent framework that you can use to understand economic events as you confront them in your work environment.
  • QST PL 837: Strategic Fundraising and Corporate Philanthropy
    This course is designed to help students develop a sophisticated understanding of the field of philanthropy and its role in building successful nonprofit organizations. The course is designed for students who want to become effective nonprofit managers and development professionals, securing financial resources for charitable organizations from foundations, corporations, and individuals. It is also designed to help students become thoughtful stewards of philanthropic funds as a foundation trustee or program officer, corporate giving officer, or individual philanthropist. Accordingly, the course will alternately adopt the perspective of the grant-seeker and the grant-maker. This approach will help prepare future leaders in the field, whether providers of funding or applicants for it, to understand the current and historical context of their work and to ask the right questions of prospective funders, prospective grantees, and their own organizations. The course will consider diverse viewpoints on philanthropy and explore some alternatives to traditional grant-making.
  • QST PL 845: Improving Your Decisions
    The main aim of Improving Your Decisions is to present many of the decision problems managers face and to identify the most effective ways to make sound decisions -- as well as the pitfalls, biases, and mistakes that should be avoided. A key element of the course is to present students with a series of decision challenges: What would you do? In other words, you must come to grips with actual decisions and defend your actions. The assigned readings also convey the most recent research findings in behavioral economics: how individuals and managers actually make decisions. The second half of the course centers on group decision making: how groups with common and not-so-common interests decide. The focus shifts from individual choices to group decisions that embody both competitive and cooperative elements.
  • QST PL 850: Social Entrepreneurship
    Graduate Prerequisites: AC710/711/712, OB712/713/715, MK713/723/724, FE717/721/722, OM710/725/726, QM711/716/717, IS710/711/716, PL714/727/FE730, SI718/750/751
    The Social Entrepreneurship course is designed to: (1) explore the concepts, practices, opportunities, and challenges of social entrepreneurship; (2) provide frameworks and tools that will help students be more effective in this sector; and (3) provide an opportunity for students to create a business plan for a new social enterprise or an income-generating initiative of a nonprofit organization. In the business plan project, student teams will partner with external organizations. Students will identify and analyze opportunities, resources, and risks and apply skills from marketing, accounting, organizational behavior, strategy and other disciplines. Special emphasis will be placed on aspects of business planning and organizational strategy that are particularly challenging or distinctive in the social sector, including mission definition, leadership, organizational structure, raising capital, and measuring results.